The Perth Mint’s April 2026 bullion report split in two. Gold coin and bar sales climbed month over month. Silver sales, by contrast, roughly halved from March and hit an eight-month low.
Gold shipments came to 46,106 ounces, up 5.6% from March and 5.5% from April 2025. Silver shipments were 496,212 ounces, down 49.2% from March and 31.4% from a year earlier. April was the weakest month for silver since August 2025.
The picture looks better over the longer run. Through the first four months of 2026, the Mint has shipped 186,114 ounces of gold (up 45.5% on the same period last year) and 5,120,265 ounces of silver (up 119.3%). April’s silver dip follows a very strong start to the year, when January and February each topped 1.7 million ounces.
Markets were volatile. Using LBMA prices in U.S. dollars, gold rose 0.1% ($3) in April to $4,611.35 an ounce, while silver gained 1.2% (86 cents) to $73.55 an ounce. John O’Donoghue, the Mint’s General Manager Institutions and Business Solutions, said investors spent the month watching developments in the Middle East and moves in the Australian dollar. He added that this backdrop supports the case for precious metals as a portfolio stabiliser, even when short-term prices swing.
April 2026 at a Glance
| Metric | Gold | Silver |
|---|---|---|
| April 2026 sales | 46,106 oz | 496,212 oz |
| March 2026 sales | 43,656 oz | 976,450 oz |
| Change vs. March | +5.6% | −49.2% |
| April 2025 sales | 43,714 oz | 723,641 oz |
| Change vs. April 2025 | +5.5% | −31.4% |
| 2026 year-to-date (Jan–Apr) | 186,114 oz | 5,120,265 oz |
| 2025 year-to-date (Jan–Apr) | 127,902 oz | 2,334,373 oz |
| Year-to-date change | +45.5% | +119.3% |
| LBMA price, end of April (USD) | $4,611.35 | $73.55 |
| April price change | +0.1% (+$3) | +1.2% (+$0.86) |
Mint figures cover minted coins and bars shipped to wholesale and retail customers worldwide. They exclude cast bars and other Perth Mint Group activity, including metal held for storage in the Depository.
2026 Monthly Sales (troy ounces)
| Month | Silver | Gold |
|---|---|---|
| January 2026 | 1,722,639 | 29,103 |
| February 2026 | 1,924,964 | 67,249 |
| March 2026 | 976,450 | 43,656 |
| April 2026 | 496,212 | 46,106 |
Recent Context (troy ounces)
| Month | Silver | Gold |
|---|---|---|
| August 2025 | 424,949 | 30,125 |
| September 2025 | 578,588 | 36,595 |
| October 2025 | 1,061,231 | 85,603 |
| November 2025 | 875,487 | 66,710 |
| December 2025 | 597,873 | 35,885 |
A few observations from the numbers:
- Silver has fallen for two straight months. Sales dropped from about 1.92 million ounces in February to 976,450 in March, then to 496,212 in April.
- Gold has been steadier. April’s 46,106 ounces was the second-best monthly figure of the year after February’s 67,249.
- April’s silver total is close to May 2025’s 496,707 ounces, so it is low against recent history but not unprecedented.
- The gold-to-silver price ratio at the end of April, using the LBMA figures above, was roughly 62.7 to 1.
How Perth Mint Products Are Sold
The report covers minted coins and bars, so the buying process below applies to those products. It is based on how the Mint generally operates, so check current terms before ordering.
- Direct from the Mint. The Perth Mint sells online and through its own channels in Western Australia.
- Authorized distributors and dealers. Much of its volume moves through these wholesale and retail partners worldwide, which is why the sales figures include both.
- Release timing. New bullion coins are announced by the Mint. Mintage limits and release dates vary by product, and the Mint reports each month’s releases.
- Sell-outs. Limited-mintage products can disappear quickly. Buying early matters for those.
- Pricing. Bullion coins and bars are priced off the spot price of the metal plus a premium, so the price changes through the day.
The source data does not list order limits or order windows for any specific product, so none are stated here.
Releases and Sell-Outs
New releases. The Mint reported no new bullion coin releases in March or April 2026. Its most recent releases were in February:
- Australian Kookaburra 2026 1/10 oz Gold Bullion Coin
- Australian Kookaburra 2026 1/10 oz Platinum Bullion Coin
- Chinese Myths and Legends Double Phoenix 2026 1 oz Gold Bullion Coin
January releases were the Australian Kookaburra 2026 silver bullion coins in 1 oz, 10 oz and 1 kilo sizes.
Sell-outs. In February 2026, the Mint reported four silver coins as sold out:
Background on Key Perth Mint Programs
The monthly report doesn’t name a single flagship coin, but the release list shows the series that drive the Mint’s bullion business. Here is background on the main ones. I have kept the details general, so confirm designers and specific mintages against the Mint’s product pages.
The Perth Mint
The Perth Mint opened in 1899, and the “125th Anniversary” coin listed above refers to that history. It is one of the oldest operating mints in the world’s precious metals trade.
Australian Kookaburra
The Kookaburra is one of the Mint’s most recognized silver bullion lines, with its first silver coin dating to 1990. The design changes each year, so each date is a new type, which many collectors like. The 2026 issues in silver (1 oz, 10 oz and 1 kilo) came out in January, followed by small gold and platinum coins in February.
Australian Lunar Series III
The Lunar series follows the Chinese zodiac. The first series ran in the 1990s and 2000s, the second series ran from 2008, and Series III began in 2020. The Year of the Horse 2026 issues, released in September and November 2025, were offered in gold, silver and platinum in many sizes, including a version with a dragon privy mark, and in rectangular and minted bar formats.
Australian Kangaroo
The Kangaroo has long been the Mint’s core gold and silver bullion design. The 2026 Kangaroo series was released in October 2025, and its sales likely helped the strong October volumes in the table above.
Chinese Myths and Legends
This is a newer series, drawing on Chinese folklore and popular with Asian and international buyers. The Double Phoenix design was released in silver in 2025 and in gold in 2026.
Australian Proclamation Coins
The 225th Anniversary of Australian Proclamation Coins series marked the 1800 proclamation regulating foreign coin use in the colony, an early step in Australian monetary history. The silver 1 oz coin has since sold out.
Design Notes
The source doesn’t describe designs in detail, so this section stays general.
Obverse. Perth Mint bullion coins carry the effigy of the reigning monarch on the obverse, along with the coin’s legal-tender denomination, its metal content and the year of issue.
Reverse. Reverses vary by series:
- Kookaburra issues show the bird in a new pose each year.
- Lunar issues show the year’s zodiac animal in an artistic setting. The 2026 Horse issues added a dragon privy mark on some coins.
- Double Phoenix issues draw on Chinese legend.
- Anniversary and Proclamation issues focus on historical themes.
Why This Matters for Collectors and Stackers
1. Silver demand is uneven. The April drop shows how quickly demand can change. Yet year-to-date silver sales are more than double last year’s, so buyers remain active.
2. Gold is holding up. Gold sales gained year over year and month over month, while prices barely moved. This suggests steady buying rather than a price-chasing rush.
3. Lower volume can mean better buying. When demand cools, premiums and availability sometimes improve. This is only a possibility, and I can’t say it happened here.
4. Sell-outs affect the secondary market. The Mint’s February sell-outs include silver coins that are now off the shelf. Buyers who missed them must go to dealers or the secondary market.
5. New releases are quiet. With no bullion coin releases in March or April, buyers have had fewer new designs to choose from. Watch the Mint’s announcements for the next batch.
6. Sales data is a useful indicator. These figures show physical demand for minted products, which can differ from what futures markets or ETF flows suggest.
This article is for information only, not investment advice. Metal prices and premiums can move up or down.
Quick-Reference Buying Guide
- Decide on a metal. Gold suits value storage in smaller pieces, while silver gives more ounces per dollar.
- Choose a format. Pick a coin or a minted bar, and a size such as 1 oz, 10 oz or 1 kilo.
- Check the live price. Look up the spot price, since April’s LBMA closes were $4,611.35 for gold and $73.55 for silver.
- Compare the premium. Compare prices from the Mint and several authorized dealers, and look at the premium over spot.
- Check availability. Confirm that the product is still on sale, especially limited-mintage ones.
- Watch for releases. Follow Perth Mint announcements for new coins after the March–April pause.
- Verify authenticity. Buy from the Mint or an authorized dealer.
- Store safely. Keep coins in their original capsules or tubes, away from moisture and handling.
Data source: Perth Mint bullion sales figures and LBMA prices as reported for April 2026.
